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rk_a2003
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Joined: 21 Jan 2010
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Post: #751  Posted: Sat Feb 11, 2012 7:34 am Post subject: |
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| Bubble! bubble!! When are you going to burst?!!! |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #752 Posted: Sat Feb 11, 2012 12:56 pm Post subject: |
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| anand1234 wrote: | | anand1234 wrote: | | anand1234 wrote: | hi...............
just my observation.....wants to share with u.............according to me if 5315...........NF breaks we can c up move till 5450 -5490.........max to max...............then we can expect sharp dwn fall till 4300..............because doller looks like take a up move again till 52 vs Rs.........if all this happens we can expect the same.......just my observation......experts can comments
thanks
anand |
I still beleave mkt shd go up till 5450 -5490 level...........within 2 -3 days...........after that sharp fall till 4300 level..............within 20 -30 days..............that means we could c fall will b start from 9th -10th feb 2012.............so take care at this level.......doller will b up.........AND one more things......court will b announced dicission against CHIDAMBARAM.............if it will b nagative ....GOVT will face more trouble ...........then even we may c unwanted PERLIAMENT election also so early.............if all this happen then we may c sharp fall from here..........so take care
above mentioned comments is absolutely mine.....my observation only........all comments r welcome
thanks
anand |
hi.............
b causious at 5450 -5480 level..................it may took reversel from that level...............may test lower...........dont traped by bull............take care................only my views
thanks
anand |
hi................
wt I xactly said................mkt is beheaving like that ............is that take reversal from 5450 - 5480 level??...................looks like .........will rock only PUT??.....................5300-5200-5100??..........let c....only my views
thanks
anand |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #753 Posted: Mon Feb 13, 2012 9:16 am Post subject: |
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Hi,
The market is expected to open Flat to positive. Immediate support for the day is around 1360. However, the most important level to watch today is 5327. If the market goes below that, then it could test 5295 and then 5275 levels. 5327 is the 8 day EMA which has not been breached after this uptrend began in January. Below that level, the important level to watch is the 13-day EMA. Any close below this level means getting out of the LONGs, at least for me. On the upside, levels 5425-5430 will offer resistance for the day.
Regards,
Sam |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #754 Posted: Mon Feb 13, 2012 9:25 am Post subject: |
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1360?  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #755 Posted: Mon Feb 13, 2012 9:31 am Post subject: |
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| vinay28 wrote: | | 1360? |
 .....sorry....5360.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #756 Posted: Mon Feb 13, 2012 9:36 am Post subject: |
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like sehwag, you have lost control on your hand-eye coordination! 
J/K |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #757 Posted: Mon Feb 13, 2012 9:36 am Post subject: |
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the hard work is taking its toll on u sam bro!
regs
ridinghood |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #758 Posted: Mon Feb 13, 2012 9:52 am Post subject: |
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 ...... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #759 Posted: Mon Feb 13, 2012 12:33 pm Post subject: Markte Update |
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Looks like the market might test 5325-5330 range.....could be even lower....But they'll all be buying opportunities as long as the market doesn't close below 13-day EMA....thats wat I feel....
SAM |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #760 Posted: Mon Feb 13, 2012 3:38 pm Post subject: Market Closing |
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Market has closed again above the 3 day EMA, which is around 5385.... Today's closing is 5390.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #761 Posted: Mon Feb 13, 2012 7:42 pm Post subject: |
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| Nifty closed below 5300 only seven times between Aug 10 and July 11 while last 7 closings are consequatively above 5300. I will leave the interpretation to you. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #762 Posted: Mon Feb 13, 2012 9:55 pm Post subject: |
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| vinay28 wrote: | | Nifty closed below 5300 only seven times between Aug 10 and July 11 while last 7 closings are consequatively above 5300. I will leave the interpretation to you. |
Vinay,
I believe that the market might make a very short-term high tomorrow. I expect the market to test 5450-5500 tomorrow itself. But I very much doubt, if the market will be able to sustain there at higher levels. The market could test 5300 levels again after reaching around 5500. If 5300 holds, I wont have any issues holding my LONGs. However, if the markets breaks 5300-5290 levels in a few days, then I'll be a bit worried. If the market closes below the 13-day EMA, I'll think about liquidating my LONGs.
Note: Tomorrow, if the market breaks 5403 on the upside, I expect it to test 5457-5464 range, above that 5490-5510 range might be tested. On the downside, if the market breaks 5370, then it could test 5330 and then 5290 levels. But these are all my expectation. If the market always behaves like what we expect, then we don't need any technical or fundamental analysis, rit?..... ....hehehe...I know that....Anyway, let's see how the market behaves tomorrow.
SAM |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #763 Posted: Tue Feb 14, 2012 9:21 am Post subject: Nifty |
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Watchout for the levels 5369 and 5403.....any breach of these levels will change the sentiments of the market for the day.....Market is trading around 5390 now...
SAM |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #764 Posted: Tue Feb 14, 2012 9:49 am Post subject: Re: Nifty |
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| psalm wrote: | Watchout for the levels 5369 and 5403.....any breach of these levels will change the sentiments of the market for the day.....Market is trading around 5390 now...
SAM |
Market is trading around 5404 now....Looks like the market is heading UP...I expect a target in the range 5457-5465 in Nifty now.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #765 Posted: Tue Feb 14, 2012 10:14 am Post subject: |
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Bank Nifty:
BankNifty is trading around 10600 now. The index has resistance around 10700-10710 levels. One should think about booking partial profits in banks when the index comes around 10700 levels. Once this level is broken, then the index will test 10830 levels. I dont think the index will breakout from 10830 levels easily.
Regards
SAM |
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